Principal Investment Grade Corporate ETF (BATS:IG – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 69,268 shares, an increase of 90.4% from the September 15th total of 36,379 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 67,957 shares, the short-interest ratio is currently 1.0 days.
Institutional Investors Weigh In On Principal Investment Grade Corporate ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in Principal Investment Grade Corporate ETF by 33.1% in the second quarter. Envestnet Asset Management Inc. now owns 6,322,167 shares of the company’s stock valued at $130,648,000 after purchasing an additional 1,573,300 shares during the last quarter. Insight Wealth Partners LLC raised its holdings in Principal Investment Grade Corporate ETF by 13.3% during the second quarter. Insight Wealth Partners LLC now owns 256,849 shares of the company’s stock worth $5,308,000 after purchasing an additional 30,221 shares in the last quarter. Spartan Wealth Advisory Services LLC acquired a new stake in Principal Investment Grade Corporate ETF during the first quarter worth approximately $10,511,000. BTG Pactual Asset Management US LLC purchased a new stake in shares of Principal Investment Grade Corporate ETF during the 2nd quarter worth approximately $802,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Principal Investment Grade Corporate ETF during the 1st quarter worth approximately $2,768,000. Institutional investors and hedge funds own 70.98% of the company’s stock.
Principal Investment Grade Corporate ETF Stock Performance
BATS:IG opened at $19.62 on Thursday. The stock has a 50-day simple moving average of $19.96 and a 200-day simple moving average of $20.34. The stock has a market cap of $196.20 million, a P/E ratio of 327.00 and a beta of 0.37. Principal Investment Grade Corporate ETF has a 1 year low of $19.35 and a 1 year high of $21.36.
Principal Investment Grade Corporate ETF Company Profile
The Principal Investment Grade Corporate Active ETF (IG) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund is an actively managed fund that provides current income by selecting investment-grade, USD-denominated bonds of any maturity. IG was launched on Apr 18, 2018 and is managed by Principal.
Recommended Stories
- Five stocks we like better than Principal Investment Grade Corporate ETF
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for Principal Investment Grade Corporate ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Principal Investment Grade Corporate ETF and related companies with MarketBeat.com's FREE daily email newsletter.
